Gold Price Surpasses 400 Dinars per Gram in Tunisia
The price of 18-carat gold has exceeded 400 dinars per gram on the Tunisian market, a direct consequence of the spectacular rise in global gold prices, announced Hatem Ben Youssef, President of the National Chamber of Jewelers, on Sunday. In a statement to Express FM, Ben Youssef emphasized that prices are following "a dizzying upward trend," causing a near-paralysis of the local market, with jewelers recording no sales for over a month. Faced with this situation, he called for the reopening of the Guarantee Bureau (Dar Ettabae), estimating that it plays a central role in combating parallel trade, protecting consumers from fraud, and consolidating public resources. The Chamber has already requested the intervention of the authorities, but has not received a concrete response to date.
International Context
Internationally, the price of gold exceeded $4,300 on Friday, recording its strongest weekly gain since 2008, in a context of geopolitical tensions and prospects of lower US interest rates. Gold is thus heading towards an increase of nearly 8% over the week. According to Alexander Zumpfe, a precious metals trader at Heraeus Metals in Germany, "the environment remains extremely favorable to gold, driven by geopolitical risks and the fragility of the banking sector." However, he estimates that a slight technical correction in the short term could occur due to an excess of purchases.
Key Points
- The price of 18-carat gold has exceeded 400 dinars per gram on the Tunisian market
- The local market is experiencing a near-paralysis, with no sales recorded for over a month
- The National Chamber of Jewelers is calling for the reopening of the Guarantee Bureau to combat parallel trade and protect consumers
- International gold prices have exceeded $4,300, driven by geopolitical tensions and prospects of lower US interest rates
- Gold is expected to continue its upward trend, with a potential short-term technical correction due to excess purchases.
